-
Should You Operate as a C Corporation as a Single Owner?
•
If you’re a single-owner business trying to keep your operations and personal finances strictly separate, electing or maintaining…
-
Smart Strategies to Avoid IRS Penalties on Estimated Taxes
•
Avoiding CP30 Notices: A Guide to Estimated Tax Planning
-
Forget to File? The IRS Didn’t Forget About You
•
If you haven’t filed yet and expect to owe, submit an extension ASAP to dodge the hefty late filing penalty.
-
S Corp Tax Savings Explained: What Every LLC Owner Should Know
•
If you operate a single-member LLC or multi-member LLC taxed as a partnership, you may be familiar with self-employment taxes eating into your bottom line. Electing S Corporation (S Corp) status can offer real tax savings….
-
The Art of Giving (Without Triggering Form 709)
•
In 2024, you could gift up to $18,000 per person without filing a Form 709, thanks to the annual gift tax exclusion under IRC §2503(b). In 2025, that number bumps up to $19,000, or $38,000 if you’re married and splitting the generosity. You can gift to as many people as you want—friends, family, your dog…
-
You Always Owe? Fix that this Year…
•
Taxes can be a headache, but the IRS actually does give you a few tools to avoid overpaying—or worse, getting hit with a surprise bill. Remember your estimates aren’t set in stone. If your income or deductions shift mid-year, your payments can too. Check in periodically to make sure you’re not leaving savings on the table—or opening…
